BTS' agency, Big Hit Music, has responded to allegations that Swim , the lead single from the group's fifth studio album, Arirang, infringes on the copyright of a song written by three American songwriters. On July 10, Big Hit Music addressed the lawsuit, maintaining that the allegations are based solely on the plaintiffs' claims and asserting that "Swim" was independently created. The agency has rejected the claims and said it will defend itself through legal channels. The Controversy According to Billboard, songwriters Steve Cooper, John Sandler and Graylyn Johnson recently filed a lawsuit, alleging that BTS' Swim closely resembles a demo they had previously written under the same title. The lawsuit names HYBE, HYBE America and Big Hit Music as defendants. It also includes several songwriters credited on Swim , including OneRepublic frontman Ryan Tedder. However, Billboard reported that BTS members have not been named in the lawsuit, despit...
The Nifty 50 started Thursday's session on a positive note and touched an intraday high of 24,134.70 in early trade. This level marked nearly a 61.8% retracement of the previous day's decline. However, the index failed to sustain at higher levels and gave up more than 150 points from the day's high in the second half of the session. Despite this late weakness, the index ended higher by 80.75 points, or 0.34%, and snapped its two-day losing streak. However, the close below the psychological 24,000 mark kept the recovery muted. Nifty Forms Inside Candle Thursday's price action resulted in the formation of an inside candle. This came after the previous session recorded the widest single-day range in over one month. The latest candle had a small green body and a long upper shadow, which indicates hesitation at higher levels. This suggests that while buying interest emerged after the recent decline, traders were not confident enough to carry positions aggressively. ...